Colombia’s Banco Finandina secures US$25m from IFC to boost MSMEs

COLOMBIA – The International Finance Corporation (IFC), a member of the World Bank Group, has granted US$ 25 million loan to one of Colombia’s leading banks Banco Finandina. The loan will enable the bank to strengthen its digital platforms and offer greater coverage to Micro, Small and Medium Enterprises (MSMEs) and individuals with reduced access to financing in Colombia. The loan according to the IFC, is part of a US $ 50 million approved loan that will allow Banco Finandina to consolidate a digital and innovative strategy aimed at increasing…

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